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Free Post Earnings Research Report: LKQ’s Quarterly Revenue Grew 11.7%; EPS Advanced 11.4%

Stock Monitor: Sypris Solutions Post Earnings Reporting

LONDON, UK / ACCESSWIRE / November 29, 2017 / Active-Investors free earnings report on LKQ Corp. (NASDAQ: LKQ) has freshly been issued to its members, and you can also sign up to view this report at www.active-investors.com/registration-sg/?symbol=LKQ. LKQ reported its third quarter fiscal 2017 operating results on October 26, 2017. The vehicle components Company exceeded top- and bottom-line expectations and also updated its guidance. Register today and get free access to our complimentary member's area where many more reports are available:

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Active-Investors.com is currently working on the research report for Sypris Solutions, Inc. (NASDAQ: SYPR), which also belongs to the Consumer Goods sector as the Company LKQ Corp. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, LKQ Corp. most recent news is on our radar and we have decided to include it on our blog post. Today's free coverage is available at:

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Earnings Highlights and Summary

LKQ reported revenue of $2.47 billion for Q3 2017, reflecting an increase of 11.7% compared to revenue of $2.21 billion in Q3 2016. The Company's revenue exceeded analysts' expectations of $2.37 billion.

LKQ's income from continuing operations was $122 million for Q3 2017, an increase of 11.4% compared to $110 million for Q3 2016. On an adjusted basis, the Company's income from continuing operations was $140 million, representing growth of 11.1% compared to the $126 million reported in Q3 2016.

LKQ's diluted earnings per share from continuing operations was $0.39 for Q3 2017, up 11.4% compared to the $0.35 reported for the same period of 2016. On an adjusted basis, the Company's diluted earnings per share from continuing operations was $0.45 in the reported quarter compared to the $0.41 for the year earlier same quarter. LKQ's earnings beat Wall Street's estimates of $0.42 per share.

LKQ's Segment Results

During Q3 2017, LKQ's total revenue growth from parts and services was 11.4%. Importantly, the Company's organic growth in parts and services was 3.2% on a reported basis. After taking into account the impact of 1 fewer selling day in 2017 compared to 2016, LKQ's global organic growth was 4.7% on a per day basis.

For Q3 2017, the North American segment generated organic revenue growth for parts and services of 2.5% on a reported basis and 4.0% on a per day basis, while increasing segment EBITDA margin by 40 basis points compared to the year ago same period.

The European segment achieved total revenue growth of 23.8%. The Company's organic revenue for parts and services witnessed growth of 4.4% on a reported basis and 5.6% on a per day basis as the Company had 1 selling day in the reported quarter. Additionally, the Company's Specialty segment realized organic revenue growth of 2.7% on a reported basis and 4.4% on a per day basis.

Balance Sheet and Liquidity

LKQ's cash flow from operations totaled $449 million for the nine-month of 2017, of which approximately $132 million was invested in capital expenditures and other long-term assets for continuing operations and $253 million was utilized for acquisitions. As of September 30, 2017, LKQ's balance sheet reflected cash and equivalents of $275 million and outstanding debt of $3.1 billion. Total availability under the Company's credit facility at September 30, 2017, was approximately $1.3 billion.

Outlook

LKQ updated it organic growth of parts and services in the range of 4.0% to 4.5%. The Company also narrowed the range for its adjusted diluted earnings per share to $1.86 on the low-end and $1.92 at the high-end, increasing the midpoint to $1.89 per share. LKQ's cash flow from operations has been revised to a range of $600 million to $625 million and capital spending has been revised down to a range of $175 million to $200 million.

Stock Performance Snapshot

November 28, 2017 - At Tuesday's closing bell, LKQ Corp.'s stock rose 1.41%, ending the trading session at $38.92.

Volume traded for the day: 981.69 thousand shares.

Stock performance in the last month – up 5.93%; previous three-month period – up 14.74%; past twelve-month period – up 16.98%; and year-to-date – up 26.98%

After yesterday's close, LKQ Corp.'s market cap was at $12.06 billion.

Price to Earnings (P/E) ratio was at 24.52.

The stock is part of the Consumer Goods sector, categorized under the Auto Parts industry. This sector was up 0.5% at the end of the session.

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